Cormark Issues Pessimistic Outlook for Foran Mining Earnings

Foran Mining Corp. (TSE:FOMFree Report) – Investment analysts at Cormark cut their FY2024 earnings per share estimates for shares of Foran Mining in a research note issued on Monday, February 3rd. Cormark analyst S. Ioannou now expects that the company will earn ($0.06) per share for the year, down from their prior estimate of ($0.05). Cormark also issued estimates for Foran Mining’s FY2025 earnings at ($0.13) EPS and FY2028 earnings at $0.28 EPS.

Foran Mining Stock Up 1.6 %

FOM stock opened at C$3.90 on Thursday. Foran Mining has a 52 week low of C$3.43 and a 52 week high of C$4.69. The company has a market cap of C$1.53 billion, a PE ratio of -130.00 and a beta of 3.80. The business has a 50-day simple moving average of C$3.99 and a 200 day simple moving average of C$4.02.

Foran Mining Company Profile

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Foran Mining Corp is a zinc-copper exploration and development company with projects located along the Flin Flon Greenstone Belt. Its project portfolio comprises McIlvenna Bay, Bigstone, VMS Primer, Hanson Lake Project, and others projects.

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Earnings History and Estimates for Foran Mining (TSE:FOM)

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